MATICUSDT in my bag, Expecting 80x from here!!
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Hello everyone,
Let's analyse MATICUSDT both fundamentally and technically.
FUNDAMENTAL ANALYSIS:
Polygon is a platform designed to enhance Ethereum's capabilities by offering scalability and infrastructure solutions. It provides a flexible framework for developers to create various types of blockchain applications, including optimistic rollups, ZK rollups, and standalone chains.
Essentially, Polygon transforms Ethereum into a multi-chain network, similar to platforms like Polkadot, Cosmos, and Avalanche. This multi-chain system leverages Ethereum's security, robust ecosystem, and open nature.
TECHNICAL ANALYSIS:
MATIC has demonstrated significant growth potential. After a remarkable 11,889% surge following a breakout from a bullish pennant, MATIC is currently forming another similar pattern.
Key Technical Indicators:
Bullish Pennant: The formation of a bullish pennant suggests a potential continuation of the uptrend.
Demand Zone: MATIC has recently retested a key demand zone that was previously tested in June 2022.
Long-Tailed Bar: The formation of a long-tailed bar on the weekly timeframe indicates price rejection at a support level, which could be bullish.
Support Zone: A strong support zone exists between $0.3151 and $0.3768, marked by a green channel below the pennant.
MACD: A bullish crossover is expected on the MACD, indicating a potential uptrend.
RSI: A bullish crossover is already seen.
Based on these technical indicators, MATIC has a strong potential to reach $43 in the peak of Bull run.
Current Support Levels:
$0.3151 to $0.3768
Target Levels (Short term):
$0.94
$1.24
$2.46
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
In-depth market analysis
Accurate trade setups
Early access to trending altcoins
Life-changing profit potential
Hello everyone,
Let's analyse MATICUSDT both fundamentally and technically.
FUNDAMENTAL ANALYSIS:
Polygon is a platform designed to enhance Ethereum's capabilities by offering scalability and infrastructure solutions. It provides a flexible framework for developers to create various types of blockchain applications, including optimistic rollups, ZK rollups, and standalone chains.
Essentially, Polygon transforms Ethereum into a multi-chain network, similar to platforms like Polkadot, Cosmos, and Avalanche. This multi-chain system leverages Ethereum's security, robust ecosystem, and open nature.
TECHNICAL ANALYSIS:
MATIC has demonstrated significant growth potential. After a remarkable 11,889% surge following a breakout from a bullish pennant, MATIC is currently forming another similar pattern.
Key Technical Indicators:
Bullish Pennant: The formation of a bullish pennant suggests a potential continuation of the uptrend.
Demand Zone: MATIC has recently retested a key demand zone that was previously tested in June 2022.
Long-Tailed Bar: The formation of a long-tailed bar on the weekly timeframe indicates price rejection at a support level, which could be bullish.
Support Zone: A strong support zone exists between $0.3151 and $0.3768, marked by a green channel below the pennant.
MACD: A bullish crossover is expected on the MACD, indicating a potential uptrend.
RSI: A bullish crossover is already seen.
Based on these technical indicators, MATIC has a strong potential to reach $43 in the peak of Bull run.
Current Support Levels:
$0.3151 to $0.3768
Target Levels (Short term):
$0.94
$1.24
$2.46
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
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